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Brandeis and Holmes, Business and Economics, Then and Now

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  • Posner Richard A

    (U.S. Court of Appeals for the Seventh Circuit; University of Chicago Law School)

Abstract

This Article attempts to explain the views about business of Brandeis and Holmes. The Article analyses why their economic thinking differed as it did; to what extent it comports with a modern understanding of economics; and how Holmes and Brandeis could have been such close allies when their economic theories differed as fundamentally as they did. Finally, the Article addresses the consequences and current significance of, if any, the theories of Brandeis and Holmes, with particular though not exclusive reference on the one hand to antitrust law and on the other hand to the current crisis of corporate governance.

Suggested Citation

  • Posner Richard A, 2005. "Brandeis and Holmes, Business and Economics, Then and Now," Review of Law & Economics, De Gruyter, vol. 1(1), pages 1-14, April.
    • Handle: RePEc:bpj:rlecon:v:1:y:2005:i:1:n:1
    DOI: 10.2202/1555-5879.1010
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